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Homeowners’ Renovation Spending Doubled Since 2001

Appraisal Buzz

The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on DSNews. The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on Appraisal Buzz.

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Investor activity slows, still makes up 1 in 4 homes sold in US

Inman

That's up from about 11 percent in 2001. New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales.

Investors 193
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Growth of Household Real Estate Market Value Slows in Q2

Eyes on Housing

Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter.

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Kevin Palmer Promoted to Handle Freddie Mac’s Multifamily Business

Appraisal Buzz

Palmer has served at Freddie Mac in a variety of positions since 2001, most recently as senior vice president for Single-Family Portfolio Management. Freddie Mac has named Kevin Palmer to head its multifamily business. He will serve as a member of the company’s Senior Operating Committee and report to the company’s president, Mike Hutchins. Over the course of his more than two decades at Freddie Mac, Kevin Palmer has demonstrated broad knowledge of the.

Business 283
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Pending home sales rebound in March

Housing Wire

relates to a baseline of 100 that the NAR put together in 2001. “By By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5 An index based on 2001 figures shows historic shifts in population.

Inventory 447
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Household Balance Sheets in the First Quarter

Eyes on Housing

Financial Accounts of the United States, i.e., the Flow of Funds, show that in the first quarter of 2022, the aggregate market value of all owner-occupied real estate in the United States showed the largest year-over-year percentage gain since 2001.

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NAR Reports Pending Home Sales Dropped Nearly Nine Percent in June

Appraisal Buzz

An index of 100 is equal to the level of contract activity in 2001. National Association of Realtors (NAR) reports pending home sales decreased in June, following a slight increase in May.

Contracts 195
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Housing Market Sees a 3.8% Decrease in Pending Home Sales in December

Appraisal Buzz

An index of 100 is equal to the level of contract activity in 2001. Pending home sales fell in December, denoting two straight months of declines, according to the National Association of Realtors. All four major U.S.

Contracts 195
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Pending home sales rise for the first time since May 2022

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. “We Pending home sales ended 2022 on a positive note. After six consecutive months of declines, the Pending Home Sales Index rose 2.5% month over month in December to a reading of 76.9,

Contracts 440
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Foundation Honors Fallen First Responder Families With Mortgage Payoffs

Appraisal Buzz

The Tunnel to Towers Foundation announced today that it has paid off the mortgages held on the homes of twenty-one fallen first responder families, in honor of the twenty-first anniversary of the September 11, 2001 terror attacks. Tunnel to Towers was established in memory of fallen FDNY Firefighter Stephen Siller, who laid down his life … The post Foundation Honors Fallen First Responder Families With Mortgage Payoffs appeared first on theMReport.com.

Appraisal 150
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Cherry Creek Mortgage Adds Rick Hogle as Chief Revenue Officer

Appraisal Buzz

He began his mortgage career in 2001 with New Century Mortgage, where he became one of the firm’s top originators in his first year and later a successful branch manager. Rick Hogle has joined Cherry Creek Mortgage , a nationwide, full-service mortgage lender, as chief revenue officer. Hogle brings a breadth of experience, proven leadership and industry expertise to his new role, as well as deep roots in retail production.

Retail 170
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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

His career also includes senior management roles at First Community Mortgage , Elite Mortgage Services and Ace Mortgage Funding since 2001. Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending.

Retail 322
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National Association of Realtors Observes Pending Home Sales Drop in September

Appraisal Buzz

An index of 100 is equal to the level of contract activity in 2001. Pending home sales dipped in September, retreating slightly following a previous month of growth, according to the National Association of Realtors. Each of the four major U.S.

Realtors 195
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Pending Home Sales Increase 8.1% in August

Appraisal Buzz

An index of 100 is equal to the level of contract activity in 2001. The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% to 119.5 in August. Year-over-year, signings dipped 8.3%.

Contracts 195
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Pending home sales are down 31% from last year

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors.

Contracts 487
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Pending home sales dip as “seesaw” market continues

Housing Wire

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 Following a robust May, pending home sales declined in June.

Marketing 468
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Pending home sales jump again in January, but don’t get too excited

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). After posting a 2.5%

Realtors 392
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Pending home sales are down 37% from last year

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales continued to fall in October, recording a 4.6% month-over-month drop that resulted in an index reading of 77.1, according to data released Wednesday by the National Association of Realtors.

Contracts 345
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Clear Capital will lay off 27% of its workforce

Housing Wire

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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New Western taps new chief marketing officer

Housing Wire

It estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001. Real estate investment firm New Western has named Kuba Poraj-Kuczewski as its chief marketing officer.

Marketing 293
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Veros acquires appraisal management company Valligent

Housing Wire

Veros, in business since 2001, provides services for automated valuations, fraud and risk detection, portfolio analysis and forecasting. The parent company of appraisal software firm Veros Real Estate Solutions has acquired California-based appraisal management company Valligent Technologies.

Appraisal 365
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MBA promotes Joel Kan and Heather Messam

Housing Wire

Messam joined MBA in 2001 and most recently served as associate vice president and controller. The Mortgage Bankers Association announced Thursday it promoted Joel Kan to vice president, deputy chief economist.

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Home prices are still rising, but relief for buyers is coming

Housing Wire

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 Home prices continue to increase as national inventory levels remain low heading into August.

Buyers 514
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Wyndham Capital Mortgage to have a new round of layoffs

Housing Wire

Founded in 2001 by Jeff Douglas, Wyndham positioned itself as a fintech-focused mortgage lender with a proprietary software system that allows the company to close loans 20% faster than the national average.

Mortgage 339
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Clear Capital launches APIs to make adopting modern valuations solutions easier 

Housing Wire

Established in 2001, the Reno, Nevada-headquartered company claims by using its desktop appraisal solutions, desktop appraisals can be completed as much as 50% faster than a traditional appraisal.

Valuation 329
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Rising mortgage rates depress mortgage demand, slumping to its slowest pace since 1997

Housing Wire

The survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16% last week, the highest level since 2001.

Mortgage 278
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Guaranteed Rate acquires DTC lender Owning Corporation

Housing Wire

Guaranteed Rate, founded in 2001 in Chicago, is now firmly a top-10 mortgage lender in the U.S. Fresh off its acquisition of Stearns , Guaranteed Rate has picked up Owning Corporation , a direct-to-consumer mortgage lender.

Retail 448
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Fannie Mae cuts origination projection, forecasts recession in 2023

Housing Wire

The unemployment rate is expected to reach 6% at some point in 2024, a change similar in magnitude to the 1990 and 2001 recessions.

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The ugly side of housing: low inventory

Housing Wire

An index of 100 is equivalent to the level of pending sales in 2001. After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6%

Inventory 508
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Pending home sales down again in September

Housing Wire

An index level of 100 is equal to the level of contract activity in 2001. After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. The index dropped to 116.7

Realtors 443
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Pending home sales down nearly 25% from 2021 in August

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales continued to drop in August, recording a 1.0% month-over-month decline that resulted in an index reading of 88.4, according to data released Wednesday by the National Association of Realtors.

Contracts 319
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Clear Capital cuts 24% of its workforce in restructuring

Housing Wire

The Reno, Nevada-headquartered company was established in 2001 and claims that with its desktop appraisal solutions, desktop appraisals can be completed as much as 50% faster compared to traditional appraisals.

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Consumer direct mortgage lender lays off 35 LOs

Housing Wire

Wyndham, founded in 2001, has positioned itself as a fintech-focused mortgage lender. Pink slips arrived for nearly three dozen loan officers at Wyndham Capital Mortgage on Wednesday, HousingWire has learned.

Mortgage 410
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Freddie Mac taps Mark Grier as interim CEO

Housing Wire

Grier led Prudential’s $3 billion IPO in 2001, which at the time was one of the biggest IPOs in history. Months after the departure of David Brickman , Freddie Mac has tapped Mark Grier to serve as CEO on an interim basis, the government sponsored entity said on Tuesday.

Finance 345
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Guaranteed Rate’s Owning continues layoffs

Housing Wire

Founded in 2001 in Chicago, Guaranteed Rate picked up Owning to further accelerate expansion in the direct-to-consumer segment, said the lender’s president and CEO Victor Ciardelli during the deal announcement. California-based Owning Corp.,

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Mortgage rate locks tumble amid sharp rate rise

Housing Wire

” MCT, founded in 2001, launched its first monthly mortgage lock volume report on Monday.

Mortgage 354
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Interfirst Mortgage raises $175 million

Housing Wire

Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. Chicago-based mortgage originator Interfirst Mortgage Co.

Mortgage 291
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Cherry Creek Mortgage names new chief revenue officer

Housing Wire

Hogle began his mortgage career in 2001 at New Century Mortgage , where he became a branch manager. Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer.

Mortgage 339
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Wyndham Capital Mortgage conducts two layoffs in June

Housing Wire

Founded in 2001, Douglas positioned the company as a fintech-focused mortgage lender, and actively expanded during the refi boom. Less than a month after Wyndham Capital Mortgage said it planned to pink slip more than 40 employees, the consumer direct lender conducted another round of layoffs.

Mortgage 311
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Guaranteed Rate’s Larry Steinway makes the jump to Revolution Mortgage

Housing Wire

He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years.

Mortgage 296